NYSE:TECK

Teck Resources - TECK Stock Forecast, Price & News

$34.35

+1.19 (+3.59%)

(As of 08/12/2022 03:59 PM ET)

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Today's Range: $32.95
▼
$34.56
50-Day Range: $25.73
▼
$45.74
52-Week Range: $19.32
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$45.90

Volume: 430,195 shs
Average Volume: 5.69 million shs
Market Capitalization: $17.92 billion

P/E Ratio: 4.27
Dividend Yield: 1.22%
Price Target: $51.13

Teck Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 49.1% Upside
$51.13 Price Target
Short Interest: Healthy
1.99% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -9.56
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -35.27%
From $6.89 to $4.46 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Basic Materials Sector

67th out of 172 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

4th out of 15 stocks

4.4

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 15 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.13, Teck Resources has a forecasted upside of 49.1% from its current price of $34.29.
Amount of Analyst Coverage
Teck Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.99% of the float of Teck Resources has been sold short.
Short Interest Ratio / Days to Cover
Teck Resources has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teck Resources has recently increased by 13.44%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Teck Resources pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Teck Resources is 4.97%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teck Resources will have a dividend payout ratio of 8.97% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teck Resources has received a -246.28% net impact score from Upright. The largest negative impact of Teck Resources in category "GHG emissions" seems to be driven mostly by its "Coke (from coal)", "Zinc", and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Teck Resources is -9.56.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Teck Resources this week, compared to 3 articles on an average week.
Search Interest
Only 48 people have searched for TECK on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
MarketBeat Follows
59 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 228% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teck Resources insiders have not sold or bought any company stock.
Percentage Held by Institutions
55.81% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Teck Resources are expected to decrease by -35.27% in the coming year, from $6.89 to $4.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 4.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 4.26, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 83.79.
Price to Earnings Growth Ratio
Teck Resources has a PEG Ratio of 2.29. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Teck Resources (NYSE:TECK) Stock

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals. It also produces indium and germanium. In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

Teck Resources Price Performance

Shares of Teck Resources stock traded up $0.79 during trading on Thursday, reaching $33.16. The company's stock had a trading volume of 4,612,031 shares, compared to its average volume of 5,750,427. The company has a quick ratio of 1.25, a current ratio of 1.82 and a debt-to-equity ratio of 0.25. Teck Resources has a 12-month low of $19.32 and a 12-month high of $45.90. The company has a market capitalization of $17.30 billion, a P/E ratio of 4.12, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. The business has a 50 day moving average price of $32.31 and a 200-day moving average price of $36.29.

Teck Resources (NYSE:TECK - Get Rating) (TSE:TECK) last posted its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $1.24. Teck Resources had a return on equity of 23.73% and a net margin of 28.90%. The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The company's revenue for the quarter was up 126.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teck Resources will post 6.89 EPS for the current year.

Teck Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be issued a dividend of $0.097 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.39 annualized dividend and a yield of 1.17%. Teck Resources's dividend payout ratio is presently 4.97%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TECK. Canaccord Genuity Group raised Teck Resources from a "hold" rating to a "buy" rating and raised their target price for the stock from C$42.00 to C$46.00 in a research report on Thursday, July 28th. Clarkson Capital reissued a "neutral" rating on shares of Teck Resources in a research report on Tuesday, June 14th. Scotiabank cut their target price on Teck Resources from C$57.00 to C$54.00 in a research report on Thursday, July 28th. TD Securities dropped their price target on Teck Resources from C$57.00 to C$55.00 in a research note on Thursday, July 28th. Finally, Barclays dropped their price target on Teck Resources from C$50.00 to C$42.00 in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.13.

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TECK Stock News Headlines

August 8, 2022 | finance.yahoo.com

Sumitomo Metal, Sumitomo Corp hike Chile copper project cost estimate by 60%

August 3, 2022 | americanbankingnews.com

Analysts Set Expectations for Teck Resources Limited's FY2022 Earnings (NYSE:TECK)

August 12, 2022 | Investing Daily (Ad)

27 U.S. Cities Where Stocks Yield 26% a Year

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August 3, 2022 | americanbankingnews.com

Teck Resources Limited (NYSE:TECK) Forecasted to Earn Q3 2022 Earnings of $1.04 Per Share

August 1, 2022 | americanbankingnews.com

Canaccord Genuity Group Upgrades Teck Resources (NYSE:TECK) to "Buy"